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AI Star Leopold Aschenbrenner Built A $45 Billion Hedge Fund. Weeks Later It Has Been Forced To Unwind Bets

Leopold Aschenbrenner
International Business Times Fews App News Provider
Fews App Post Time há 5h

Fabrice COFFRINI / AFP via Getty Images The hedge fund founded by former OpenAI researcher Leopold Aschenbrenner is rapidly unwinding many of its public stock positions after suffering steep losses tied to artificial intelligence investments and bearish bets against software companies. Aschenbrenner's fund, Situational Awareness, has built its strategy around the expectation that the AI boom would drive sustained demand for chips, memory, data centers and electricity. However, a sharp selloff across many AI-related stocks over the past days has left the fund scrambling to meet margin requirements.

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